BRC publishes annual payments survey revealing high charges on retailers

The average cost to a retailer of having a credit or charge
card payment processed was 36.2 pence while for a debit card it was 9.6 pence.

Paying with cash is more common this year than last and when
customers pay by cash it is around 24 times cheaper for the retailer compared
with customers paying by credit card.

The survey by the BRC shows that this charge is unfair and
hopes the OFT will take action to put a stop to such charges.

British Retail Consortium Director of Business and Regulation
Tom Ironside said: “Paying is a necessary final stage. It should be easy for
customers to do that in the ways they want to and the cost to retailers should
fairly reflect the cost banks face in processing those payments.”